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What is BLAST?

BLAST (Business Loan Assessment and Scoring Technology) is a groundbreaking financial technology solution that revolutionizes the lending and insurance industries. Through the power of advanced machine learning systems, BLAST automates and streamlines the loan origination process across various segments. It significantly reduces manual intervention, expedites underwriting and risk management procedures, and eliminates tedious paperwork.

BLAST's exceptional customization and adaptability make it a standout solution for financial institutions. Seamlessly integrating with a bank's loan origination style, KYC parameters, and AML format, it ensures advanced oversight, regulatory compliance, and the ability to maintain preferred operational methods. This streamlines processes, effectively mitigates risks, and upholds industry standards. Additionally, BLAST's unique capability to convert non-numeric/qualitative loan parameters into quantifiable values during its risk assessment process sets it apart. By incorporating a broader range of data inputs, such as borrower characteristics and market trends, this feature enhances the accuracy of risk assessment models, providing financial institutions with deeper insights and a more comprehensive evaluation of loan applications.

BLAST's cutting-edge technology is reshaping the lending and insurance underwriting industries, ushering in a new era of innovation and efficiency. By automating processes, ensuring regulatory compliance, and introducing novel capabilities, BLAST empowers financial institutions to embrace transformative change and deliver enhanced services to their clients.

ABOUT US

Since its establishment in January 2023, BLAST has been committed to creating an efficient and reliable solution for streamlining underwriting processes through advanced machine learning and assessment technology. What started as a mere idea, BLAST has flourished through the support of the Virginia Polytechnic and State University Apex Center for Entrepreneurship, propelling it from an idea to a pioneering force in the industry. Led by founders Zaki Wali, Sebastian Linares, and Juan Pablo Linares the expansive BLAST team across the United States and Latin America continuously innovates its model and explores new applications, ensuring they stay at the forefront of industry advancements. By harnessing their collective expertise, BLAST revolutionizes underwriting practices, shaping the future of the industry and driving efficiency in the lending and insurance sectors.